D) FMNL TREND INFORMATION
The Company’s historical business was providing travel services for the members of its travel clubs. Subsequent to year end, the Company disposed if its travel club marketing and service operations.
The operating costs of the company decreased $1,024,648 for the year ended September 30, 2011 to $3,490,396, compared to the $4,515,044 for the year ended September 30, 2010, and $5,582,370 for the year ended September 30, 2009. The decrease in operating costs has been a direct result of managements’ cost savings measures and the disposal of the Company’s wholly-owned subsidiary International Fitness Vacations Ltd during the year.
The Company has entered the Life Settlement market. The Company believes successful development and capture of market share in this capital intensive emerging industry will dominate the future Company direction and the allocation of resources.
The Company is currently sourcing Life Settlement policies through “Business to Business” (B2B) Channels and expects to launch a “Business to Consumer” (B2C) Channel subject to funding. To operate the “Business to Consumer” (B2C) Channel, the Company formed “American Life Settlement Society LLC” duly formed under the laws of the state of Delaware on the 15 th day of November 2007.
